A deal resolving a financial dispute that had threatened completion of a new set of locks for the Panama Canal, the centerpiece of a $5.25 billion expansion project, has been signed by all parties involved, the consortium building the locks said. continue reading »

The consortium made up of Spanish construction group FCC and Brazilian engineering giant Odebrecht has delivered Line 1 of Panama City's metro system, the first of its kind in Central America, wrapping up a project that took 41 months to complete and cost $2.01 billion. continue reading »

The Panama Canal Authority, or ACP, said Friday that weeks of negotiations with the GUPC consortium in charge of building a third set of locks for the interoceanic waterway ended with a "conceptual agreement" to finish the project under the terms of the existing contract, which was signed in 2009. continue reading »

Ibero-America will have its own Oscars, or at least that is the goal of the Platinum Iberoamerican Film Awards, which will be contested by the audiovisual industries of 22 countries and will be held for the first time in Panama City on April 5 as an initiative of producers on both sides of the Atlantic. continue reading »

Panama's government has put into operation the country's first solar plant at a cost of approximately $10 million, authorities said. The 2.4 MW plant, inaugurated Thursday by President Ricardo Martinelli at the Sarigua National Park in central Panama, continue reading »

Talks between the Panama Canal Authority, or ACP, and the GUPC consortium building a third set of locks for the waterway have produced "a beginning of an accord" to resolve the dispute that has paralyzed work on the project, chief administrator Jorge Quijano said Wednesday. continue reading »

Almost all the crew members - 32 out of 35 - of the North Korean ship detained in the Panama Canal last July for transporting Cuban arms without declaring them, and who were freed last month, will leave on the vessel that was released Saturday after the officers in charge paid the fine levied on them. continue reading »

The Panama Canal Authority, or ACP, has submitted a new proposal to the consortium working on the inter-oceanic waterway's third-locks project, which is currently stalled over a financial dispute. continue reading »

The Panama Canal Authority, or ACP, said Wednesday it will not yield to "blackmail" and is looking for ways to restart work on a third set of locks for the inter-oceanic waterway, accusing the consortium tasked with the expansion of breaching its contract by making a unilateral decision to halt construction. continue reading »

The Panama Canal Authority, or ACP, said Friday that talks aimed at resolving a dispute with the contractors building a third set of locks for the waterway will continue through Feb. 4. continue reading »

The Panama Canal Authority, or ACP, said Tuesday that it has presented a "proposal that could be a long-term solution" to the conflict that threatens to shut down at any moment the work of expanding the interocean waterway, though he gave no details. continue reading »

The Panama Canal Authority, or ACP, confirmed Thursday that it has held talks with other potential contractors as it prepares for the possible Monday suspension of work on an expansion project, although it said it still hopes to resolve a financial dispute with the consortium building a third set of locks for the waterway. continue reading »